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They are needed because every single countries have a different currency of their money which will be needed by international markets for their goods when they're selling it to Another Country and it also needed for tourism currency change
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What are foreign exchange rates?
Foreign exchange rates are currency exchange value of other countries.
Who or what determines the exchange rates in the foreign currency market?
Currently exchange rates are determined by laws of supply and demand.
How many euros is 1 dollar equal to?
Exchange rates fluctuate. See the link below for present exchange rates.
Which countries have the best exchange rates?
As we all know, the US currency is at a low. The Hong Kong Dollar, the Mexico Peso, and the Norwegian Krone seem to have good exchange rates at this time. However, exchange rates change daily.
Explain the difference between indirect and direct exchange rates?
The difference between indirect and direct exchange rates is that an indirect exchange rate is the number of foreign currency units that may be obtained for one local currency unit and a direct exchange rate is the number of local currency units needed to acquire one foreign currency unit. The direct exchange rate has the local currency units in the numerator (the U.S. dollar for the direct exchange rate for the U.S. dollar).
What are foreign exchange rates?
Foreign exchange rates are currency exchange value of other countries.
What is meant with money exchange rates?
If you are dealing with overseas currency it is necessary to know exchange rates. The exchange rates vary from day to day. exchange rates compare how much a certain country's currency is worth against another countries.
What determines the exchange rates?
Foreign exchange markets
What are the American Express exchange rates?
American express exchange rates can change from time to time. It is recommended that one contact American Express directly for the current exchange rates offered.
Where can one view the latest exchange rates?
One can view the latest exchange rates at a number of places. A few places to find exchange rates are at XE, OANDA, CNN, Currencies Direct. Commonwealth Bank offers the service posting the latest exchange rates as well.
How much is england money worth in the us?
Exchange rates change all the time; to get current exchange rates, go to an online currency calculator, for example, xe.com.Exchange rates change all the time; to get current exchange rates, go to an online currency calculator, for example, xe.com.Exchange rates change all the time; to get current exchange rates, go to an online currency calculator, for example, xe.com.Exchange rates change all the time; to get current exchange rates, go to an online currency calculator, for example, xe.com.
Who or what determines the exchange rates in the foreign currency market?
Currently exchange rates are determined by laws of supply and demand.
Where can you find the current USD to Rupee exchange rate?
One can find current exchange rates for USD to Rupee online from sites such as Dollar2rupee, X-Rates, Xe, Exchange Rates, Money.cnn, Oanda and Finance.yahoo.
Where can a tourist find information on exchange rates?
There are many places on the web where a tourist could find information on exchange rates. One looking for more information on exchange rates could look at sources such as X-Rates, CurrencyConverter, XE, and Yahoo Finance.
Where can one find the British pound exchange rate?
The exchange rate for the pound can be found on sites like Exchange Rates, X-rates, Coinmill, Fx-rate, and The Money Converter. There are also apps that can be installed on a smartphone for exchange rates of many currencies.
What are the exchange rates in England?
1.85
Explain the difference between indirect and direct exchange rates?
The difference between indirect and direct exchange rates is that an indirect exchange rate is the number of foreign currency units that may be obtained for one local currency unit and a direct exchange rate is the number of local currency units needed to acquire one foreign currency unit. The direct exchange rate has the local currency units in the numerator (the U.S. dollar for the direct exchange rate for the U.S. dollar).
